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🔥 Love this idea! Count me in—let's build the ultimate
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Some industry watchers criticized THORChain’s privacy-preserving features for enabling the movement of illicit funds by North Korean agents.
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The protocol was the subject of significant controversy amid the growing flow of illicit North Korean funds.
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The exploiters have used the crosschain asset swap protocol THORChain to move the funds. THORChain’s swap volume rose past a $1 billion record high after the Bybit hack, Cointelegraph reported on Feb. 27.
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Bitcoin’s price may decline further, with analysts warning of a potential drop to $81,000 amid ongoing exchange-traded fund (ETF) outflows and market uncertainty.
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The current downturn may signal an incoming market capitulation, according to Juan Pellicer, senior research analyst at crypto intelligence platform IntoTheBlock.
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The figures come from data shared by Jamie Coutts, chief crypto analyst at Real Vision. In a Feb. 19 X post, Coutts noted:
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https://warpcast.com/ariaela94/0x76a1388f
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https://warpcast.com/ariaela94/0x76a1388f
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“If this winter-time lull in progress is temporary, as it was last year, then further policy easing will be appropriate. But until that is clear, I favor holding the policy rate steady,” Waller said.
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However, Alon has defended his platform, arguing it was created as a mechanism to protect against insider-controlled token launches.
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He has since called for token-launching platforms to provide guardrails to “ensure users are as safe as possible while meeting their demands.”
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Alon said priorities should include educating users on how to safely and ethically create coins, making onboarding for new traders “friendlier,” and making users safer by reducing the visibility of tokens that display suspicious trading patterns or ownership structures.
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Meanwhile, Ben Chow, the co-founder of Meteora, has reportedly resigned from his role at Meteora, according to a Feb. 18 post to X from fellow Meteora co-founder and Jupiter founder Meow.
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Meow said the resignation was related to Chow’s “lack of judgment and care” over certain core aspects of the project over the last few months, without elaborating further.
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While some commentators have hurled accusations at Meteora’s team for conspiring with Hayden Davis at Kelsier Ventures — the man behind the LIBRA token — Meow claimed that no one from either Meteora or Jupiter had been involved in any wrongdoing:
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In an earlier Feb. 17 statement on X, Chow also denied any insider activity at Meteora surrounding the launch of LIBRA.
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“To maintain the high levels of confidentiality, very few people in Meteora have access to any launch information,” said Chow.
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Chow said neither he nor the Meteora team ever receive or manage tokens “on the side” nor do they receive knowledge concerning “off-chain dealings.”
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https://warpcast.com/ariaela94/0xbd1c3559
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